Behind fixed income flows
Skittish investment in high yield bonds and robust demand for emerging market debt led the action by European bond funds over the last year. Will this trend continue?
Investment
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Don’t expect Japan’s QE to end anytime soon
Fund managers remain bullish on Japan’s corporate earnings growth as stagnant inflation seems highly unlikely to spur its central bank into unwinding quantitative easing for at least another two years.
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BMO launches Euro corporate bond fund
BMO Global Asset Management has expanded its socially-responsible fund range with the launch of a Euro corporate bond fund.
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Funds rebadging as ESG reaches new heights
Asset managers are increasingly repurposing underperforming funds into ESG products to jump on the sustainable investing trend, but an announcement this week from Franklin Templeton Investments has taken the process to new heights as it repositions a global equities fund into a thematic climate change product.
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US equity large cap funds preferred but small caps edge ahead
Strong gains in US equity markets over the past year have encouraged investors to target the asset class in 2018, but while most prefer large cap funds it’s the small caps that have generated the better returns.
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Ethical exclusions lower Norway’s sovereign fund returns
Norway’s giant sovereign wealth fund has returned 1.6 percentage points less on an annualised basis over the last 12 years because it excluded some stocks on ethical grounds.
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Franklin Templeton ‘repositions’ fund to focus on climate change
Franklin Templeton Investments has “repositioned” its existing Global (Euro) Fund to focus on companies actively reducing their carbon footprint which it expects will boost returns.
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Fiscal policy concerns after Italy’s populist parties gain
The market reaction following the success of Italy’s populist parties at Sunday’s general election will depend on how diluted their stance will be going forward on fiscal easing and being anti-Europe, according to experts.
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Finns and Swedes’ small cap preference reaps rewards
European small cap growth funds have outperformed rival fund categories over the last three years, and Finnish and Swedish fund selectors have led the pack in cashing in.
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Have European and UK equities lost their lustre?
February was a dismal month for markets around the world and UK and European equities took a particular hammering. Have the asset classes lost their appeal?
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Hung Italian parliament ‘best scenario’ for investors
The expected hung parliament following this weekend’s Italian election is likely to encourage fund selectors towards Italian equities and away from the fixed income sector, according to experts.
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Active strategies overshadow passive for European investors
New Morningstar data shows that around 16% of European assets invested in funds were held in passive strategies in January 2018, much less than many had expected.